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Forex Trend Analysis Report

Prepared for you on Tuesday, March 19, 2024.

US Dollar/Malagasy Ariary (FOREX:USDMGA)

Weak Downtrend (-65) - USDMGA is showing signs of a strengthening downtrend. Monitor USDMGA as it may be building momentum to the downside.

Is it time to buy, sell, or avoid USDMGA?

MarketClub looks at technical strength and momentum to determine if the timing is right for USDMGA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_USDMGA
Open High Low USDMGA Price Change
4484.9424 4505.0000 4484.9424 4505.0000 +20.0576
Entry Signal

MarketClub’s Trade Triangles for USDMGA

long term up The long-term trend has been UP since Dec 8th, 2023 at 4583.8326

intermediate term down The intermediate-term trend has been DOWN since Jan 2nd, 2024 at 4575.0000

short term down The short-term trend has been DOWN since Mar 18th, 2024 at 4498.4786

Smart Scan Analysis for USDMGA

Based on our trend formula, USDMGA is rated as a -70 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-70
Smart Scan Analysis for USDMGA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
4484.9424 4505.0000 4484.9424 4505.0000 +20.0576
Prev. Close Volume Bid Ask Time
4484.9424 2024-03-18 10:55:29
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